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« David Morgan: Central Bank Manipulation Of The Precious Metals Market | Main | James Turk - The Gold & Silver Plunge & History In The Making »
Wednesday
May282014

Anger as European Commission asks British taxpayers for an extra £500m

The European Commission accused of "living on a different planet" after asking for a £3.8 billion cash-increase to EU budget

The European Commission has today been accused of "raiding the pockets of voters" after demanding an extra £500 million from British taxpayers to meet Brussels spending bills

The EU executive, which oversees European spending, has demanded an extra £3.8bn in cash from national governments to pay for costs - including £200 million extra help to Ukraine. The rest of the money will be spent on youth employment projects and regional policy.

National governments are furious at an increase that comes in the aftermath of EU elections victories for populist and far-Left and Right parties in Britain, France, Denmark and Greece.

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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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